Quote from: brekyrself on October 22, 2016, 10:55:09 PM

Quote from: AlexGR on October 22, 2016, 08:41:57 PM

However, as a marketcap, the situation is different. In my view, as far as cryptocurrencies go, there is nothing that can convince me that Ethereum is more useful than Steem. I can't see any reason whatsoever on why Ethereum should have a marketcap multiple times higher than Steem. Of course there are big institutional whales behind it, which is THE reason, but the fundamentals regarding its actual use cannot compare with Steem - which has actual, real life use. Either Ethereum should crash, or Steem should go higher. The price is not reflecting the fundamentals which should be reversed. Steem should have a higher marketcap than ETH - no matter how that is achieved.

EXACTLY this. Speculation is the only reason why many blockchains have any value at all. For the sake of crypto, I hope Steem can fix it's current model and develop into a successful project.

Ethereum (Classic) is estimated to have higher speculation upside for numerous reasons.

Another DAO is waiting to happen because it is a programmable blockchain.
You don't need to lockup your investment for 1 year weighted average cashout in order to speculate.
You don't have this massive inflation.
There is a plan to move to some form of PoS and stop or significantly reduce inflation.
Everyone who runs Dapps needs ETH to play.
Charles Hoskinson is involved again.
Etc...

Sorry the utility of Steem for social blogging while it looks pretty on the screen (and it captured the interest of some females and those one or two degrees removed from the male cryptonerd), just doesn't even compare at all for a speculation vehicle. If they removed the 1 year weighted lockup and put more ecosystem programmability into it, then maybe we could say the two (ETH and STEEM) aren't light years apart in terms of speculation value.

As r0ach has said, Dan Larimer builds these complex Rube Goldberg machines that obfuscate that they don't really address any viable market. Bitshares Open Exchange was similarly a complex thing without a market.

They are good programmers though.

Quote from: brekyrself on October 22, 2016, 10:55:09 PM

No reason for all the hate around here when everyone has a common goal.

It seemed in the past there was a lot of arguments about which projects were scams or poorly designed or what ever, as everyone was fighting for pitching their ICO or P&D to the n00bs here.

It seemed once XMR, ETH, and STEEM all made their 10 baggers, then that animosity has died down for the time being.

I have concluded that men are very stressed and will fight viciously when they have money bet on something. So I am just entirely avoiding any of those discussions.

I am interested in discussing the design of Steem, because I am still interested to make a social network block chain.